00:00Warren Buffett just dropped a banger.
00:02In investing, there's no called strikes.
00:05Using investing in stocks compared to baseball, he's basically saying that if he chooses not to pick a stock, it can't hurt him.
00:12He doesn't get called a strike for not picking this stock.
00:15Only get a strike called if I swing at a pitch and miss.
00:19So I can wait there and look at thousands of companies day after day,
00:23and only when I see something I understand and when I like the price at which it's selling,
00:27then if I swing, if I hit it fine, if I miss it, it's a strike.
00:33But it's an enormously advantageous game.
00:35Be patient, do your research, and hit that ball outside the park.
Comments